The major difference between a salary and a wage is: federal minimum wage and overtime laws that protect workers who are paid a wage do not apply to salaried workers. workers paid a salary usually earn more money than workers who are paid an hourly wage. wage earners are exempt from the federal laws that govern minimum wage and overtime work. hourly wage earners are not eligible for pre-tax deductions from their earnings, but salaried workers are.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is